Sentence examples for conversion of bank from inspiring English sources

But an Argentinian-style cure – massive devaluation and conversion of bank accounts – is unlikely to produce the same recovery in Greece, thinks Leaviss.

First, anxieties about a possible "Grexit" from the euro and the forced conversion of bank accounts into less valuable drachmas caused a massive drain of deposits (see chart).

As a result of a forced conversion of Bank of Cyprus deposits into shares, however, a diverse and so far unorganized group of depositors, most of them Russians, will end up with a controlling stake.

If the crisis continues for long enough, these IOUs could become a parallel currency with a possible endgame involving the conversion of all bank accounts in Greece into the new IOU currency (i.e. the drachma).

Exor and Merrill had signed the swap on April 26th, the very day Fiat announced the conversion of the banks' loan.

Nor is there the playfulness of Paris Plage, the annual conversion of the banks of the Seine into a beach, or the floating swimming pool that was installed in Copenhagen.

The Comptroller of the Currency may not grant approval under clause (C) of this paragraph if a State bank (in a situation identical to that of the national bank) resulting from the conversion of a national bank would be prohibited by the law of such State from retaining and operating as a branch an identically situated office which was a branch of the national bank immediately prior to conversion.

"The conversion of Co-op Bank into just another bank owned by professional investors has the potential to fundamentally alter the bank's ethos and culture," says the BBC's Robert Peston – and obviously, that threatens to be a hilarious understatement.

Banks would also have to disclose the estimated full cost of currency conversion in case of bank transfers prior to the initiation of the payment.

A few notable developments include Goldman Sachs and Morgan Stanley's conversion to bank holding companies, JPMorgan Chase's acquisition of Bear Stearns, Lehman Brothers' bankruptcy filing, and Merrill Lynch's sale to Bank of America.

Cyprus' two largest banks merged and the combined entity was recapitalized through conversion of some large bank deposits to shares and imposition of losses on some bank bondholders.